The Department of Education has said that it will be in direct communication with borrowers and ramp up its communication with student loan servicers before repayment resumes.
I. Overview of Changes in Financial Institutions’ Garnishment Procedures - On May 4, 2022, the Consumer Financial Protection Bureau (the “Bureau”) issued a Consent Order.
On August 11, 2022, the Consumer Financial Protection Bureau (the “Bureau”) published a circular regarding its position on the responsibilities of banks and financial service providers.
The first half of 2022 has seen a flurry of activity at the state and federal level attempting to reign in "convenience fees" - fees charged by a creditor, debt collector, or third.
The Consumer Financial Protection Bureau ("the Bureau" or CFPB) released an Interpretive Rule - which is exempt from notice-and-comment requirements of the Administrative Procedure Act.